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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Syrma SGS Technology
Syrma SGS Technology (SYRMA) investor relations material
Syrma SGS Technology Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary2 Nov, 2026
Executive summary
Q2 FY27 set records for revenue, EBITDA, PBT and PAT; H1 FY27 also reached records across these measures.
Q2 revenue grew 73% YoY and H1 revenue 71%; H1 operating cash flow was ₹1,197.24 Mn.
FY27 growth guidance rose to 40%-45%, targeting ₹7,000 crore+ revenue; supply constraints and working-capital discipline remain key considerations.
Financial highlights
Q2 total revenue was ₹19,995 Mn, up 73.2% YoY; revenue from operations was ₹19,896.80 Mn, up 73.6%.
H1 total revenue was ₹36,032 Mn, up 70.9%; revenue from operations was ₹35,782.98 Mn.
Q2 EBITDA was ₹2,031 Mn, PBT ₹1,652 Mn and PAT ₹1,242 Mn; PAT rose 87.2% YoY.
H1 EBITDA was ₹3,798 Mn, PBT ₹3,060 Mn and PAT ₹2,299 Mn; PAT rose 97.7% YoY.
Outlook and guidance
FY27 revenue growth guidance is 40%-45%, implying ₹7,000 crore+ revenue; management targets crossing $1 billion revenue in FY28.
FY27 EBITDA margin guidance is 10%-10.5%; FY28 margin is expected at 10.5%-11% or higher as margin-accretive projects ramp.
Exports are expected to exceed ₹1,700 crore in FY27 and reach ₹2,000 crore next year; ODM revenue is expected to exceed ₹1,000 crore-1,100 crore this year.
Management sees 30%-35% growth over the next three to five years; supply-chain caution and front-loaded customer orders temper the near-term outlook.
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Latest events from Syrma SGS Technology
- Revenue up 54% YoY to ₹32,124M; MedTech entry, record Q4, and 15% dividend recommended.SYRMA
Q4 23/24 - Q1 FY27 revenue and profit more than doubled year-over-year, driven by exports and ODM.SYRMAQ1 26/27
- FY26 saw 27% revenue growth, 87% PAT rise, and strong cash, with 35% growth targeted for FY27.SYRMAQ4 25/26
- Q3 FY26 saw 45% revenue growth, doubled PAT, and strong export and segment gains.SYRMAQ3 25/26
- Q1 FY25 revenue surged, but margin and profit pressures persist amid product mix shifts.SYRMAQ1 24/25
- H1 FY25 revenue up 50% YoY, Q2 exports at 23%, with strong margins and cash flow.SYRMAQ2 24/25
- Q3 FY25 saw 24% revenue growth, 161% PAT surge, margin expansion, and major acquisition completed.SYRMAQ3 24/25
- FY25 revenue up 19% to ₹38,361 million, with PAT up 48% and margin expansion achieved.SYRMAQ4 24/25
- PAT up 145% YoY to ₹499.20 million, margins improved, and PCB JV, dividend, and new subsidiaries announced.SYRMAQ1 25/26
Next Syrma SGS Technology earnings date
Q3 26/2729 Jan, 2027
Syrma SGS Technology
Next Syrma SGS Technology earnings date
Q3 26/2729 Jan, 2027
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